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    Question

    β€˜A’ and β€˜B’ started a business by investing

    certain sum in the ratio 6:5, respectively for 7 years. If 12% of the total profit is donated in an orphanage and A’s share is Rs. 8820, then find the total profit generated from the business.
    A Rs. 18375 Correct Answer Incorrect Answer
    B Rs. 18275 Correct Answer Incorrect Answer
    C Rs. 17375 Correct Answer Incorrect Answer
    D Rs. 18975 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Since, β€˜A’ and β€˜B’ invested their sums for equal period, therefore, ratio of the profit received by β€˜A’ and β€˜B’ will be equal to the ratio of sum invested by them i.e. 6:5, respectively Let the total profit received by them be Rs. 100x Therefore, profit distributed between β€˜A’ and β€˜B’ = 0.88 Γ— 100x = Rs. 88x Profit received by β€˜A’ = 88x Γ— (6/11) = Rs. 48x According to the question, 48x = 8820 => x = 183.75 Therefore, total profit received by β€˜A’ and β€˜B’ = 100x = Rs. 18375

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